Search results

Malaysia’s Petroliam Nasional Berhad (Petronas) and US indie Noble Energy have signed an agreement with the state Société Nationale des Hydrocarbures (SNH) for the Tilapia block offshore in the Douala-Kribi Campo basin.

Seven years after the Riggs bank scandal broke, oil sector governance in Equatorial Guinea remains opaque, according to a new report from Human Rights Watch which details the close business ties between US oil groups and service companies owned by President Obiang’s family.

Human Rights Watch’s new report lists a number of business dealings between relatives of President Obiang and US

Sudan is producing around 522,000 b/d of oil, below its 600,000 b/d target for 2009, but has ambitious plans to raise output to 922,000 b/d within five years, even without developing new fields, as it implements a water injection and enhanced oil recovery (EOR) programme.

Hyperdynamics Corporation’s cash woes have hit its troubled Guinea project.

Canada’s Artumas Group has signed a joint operating agreement with Tanzanian Petroleum Development Company (TPDC) governing its gas concession operations.

Everyone from the Ghanaian government to big Asian players and possibly even supermajors seems to want a slice of the Jubilee field action – and US indie Kosmos now seems willing to oblige if the price is right, writes Jon Marks.

Victoria Oil & Gas (VOG) has signed agreements with a related company, Cameroon Holdings Ltd (CH), for a package of drilling services and funding for development of the Logbaba gas field which lies beneath Douala (AE 157/16).

Two state companies on 9 July announced a licensing round offering 11 onshore and offshore exploration blocks. Egyptian General Petroleum Corporation (EGPC), whose chairman is Petroleum Minister Sameh Fahmy, is offering eight blocks, while Ganoub El-Wadi Petroleum Holding Company (Ganope), which is responsible for exploration activities in Upper Egypt, is offering three blocks. The deadline for bids is 1 November.

While there has been no major incident since December 2007, security remains a significant concern for international oil companies operating in Algeria. Algiers-based IOCs continue

Australian explorer Range Resources, best known for its forays in Somalia’s unrecognised Republic of Puntland, is planning to acquire a 50% interest in two oil and gas blocks in Georgia as part of an A$10m ($7.7m) deal.

Canada’s Artumas Group has converted $115m of bond debt into shares and successfully placed $8m of new convertible bonds. The company ran into funding problems

Nigeria has a long history of mining. It was once a large gold producer, the sixth largest global exporter of tin ore and a big exporter of coal in the early 1960s

The Libyan government’s decision to investigate allegations of impropriety against Canada’s Verenex Energy represents a further strengthening of its hard line on negotiations with international partners.

The new licensing round announced by the Algerian authorities at the end of June is the first attempt to attract international companies back to the sector since the failure of the previous round in December 2008.